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Cost Implication on various Land Transactions

 

  ASSIGNMENT

(N)

MORTGAGE

(N)

SUBLEASE LOVE & AFFECTION
PRIVATE QUAZI GOVERNMENT
Application Form 7,500.00 7,500.00 7,500.00 7,500.00 7,500.00
Consent Fee 10% of Assessed Value 2% of the Loan 10% of Assessed Value 20% of Assessed Value or N50,000.00 Minimum 5% of Assessed Value
Inspection 5,000.00 NIL 5,000.00 Nil 5,000.00
Deed Registration 20,000.00 20,000.00 20,000.00 20,000.00 20,000.00
Capital Gain Tax 5% of Assessed Value Nil 5% of Assessed Value Nil 5% of Assessed Value
Stamp Duty 3% of Assessed Value 1.5% of Assessed Value 3% of Assessed Value 0.06 X no. of years X Rent or as determined by BIR 3% of Assessed Value

NOTE:

               All payments must be made directly into Government designated Bank Accounts with different Codes as  appeared on the Harmonized Demand Notice.